On August 1, 2012, Knight Capital Group, then one of the largest market makers in United States equities, lost more than 460 million dollars in roughly 45 minutes. The cause was not a market crash, a fraud, or a cyberattack. Read More …
Tag: operational risk case studies
Knight Capital Risk Management Case Study: 7 Lessons for Financial Institutions
Top 10 Governance Failures That Destroyed Bank Reputations
A bank’s reputation is built over decades and can unravel in weeks once a governance failure comes to light. Time and again, the same underlying pattern repeats itself, weak internal controls, inadequate board oversight, misaligned incentives, and a culture where Read More …